Market Structures

2. When a firm charges different prices to different customers for the same product (15 letters, two words)
4. A group of firms that control a market, often illegally (6 letters)
6. A market with many buyers and sellers, identical products, and easy entry (14 letters, two words)
7. A fee paid upfront to join a franchise system (11 letters, two words)
8. A market structure with only one seller and no close substitutes (8 letters)
10. When a few large firms dominate a market (9 letters)
11. A market structure where firms are interdependent and compete strategically (10 letters)

1. Barriers that prevent new firms from entering a market (12 letters, two words)
3. The ability of a firm to influence market price (11 letters, two words)
5. The company that owns the brand and grants franchise rights (9 letters)
6. Government-granted exclusive control over a market or product (6 letters)
7. A business granted exclusive rights to sell a company’s products in a specific area (9 letters)
8. A market with many sellers offering similar but not identical products (13 letters)
9. The payment a franchisee makes to the parent company for using its brand (7 letters)